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Can solicitors use payment services like Modulr

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Can solicitors use payment services like Modulr to make bulk client payments or would this breach their client account/client money rules?

Modulr allows you to make bulk payments instantly via faster payments, however requires the total amount to be sent to Modulr who then distribute the payment.

For example if you wanted to pay 100 clients £50 each, you would send £5000 to Your assigned client account over at Modulr who then distribute the payment.

Would this breach any client account rules?

 

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By Tax Dragon
17th Oct 2019 09:13

Sounds like a legal question.

Oh the irony.

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By bernard michael
17th Oct 2019 10:21

Why would it be any more of a breach than one payment of £50 ??

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By JoF
17th Oct 2019 19:31

why can you not just make bulk faster payments via your existing bank?

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